Intact Investment Management Inc. Invests $1.37 Million in Amphenol Corporation $APH

Intact Investment Management Inc. acquired a new stake in Amphenol Corporation (NYSE:APH) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 11,090 shares of the electronics maker’s stock, valued at approximately $1,372,000.

Several other hedge funds have also recently bought and sold shares of APH. Brighton Jones LLC raised its holdings in shares of Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock worth $1,224,000 after acquiring an additional 9,390 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after purchasing an additional 4,721 shares during the period. Bison Wealth LLC lifted its holdings in shares of Amphenol by 8.3% in the fourth quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock valued at $559,000 after purchasing an additional 618 shares in the last quarter. Kathmere Capital Management LLC bought a new position in shares of Amphenol during the second quarter worth about $438,000. Finally, Tritonpoint Wealth LLC raised its position in Amphenol by 18.1% in the 2nd quarter. Tritonpoint Wealth LLC now owns 4,741 shares of the electronics maker’s stock valued at $469,000 after buying an additional 727 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider William J. Doherty sold 80,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total transaction of $11,283,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 120,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total value of $16,801,200.00. Following the transaction, the vice president directly owned 76,400 shares of the company’s stock, valued at approximately $10,696,764. The trade was a 61.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 698,076 shares of company stock valued at $99,081,306. 1.67% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on APH shares. Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Citigroup reiterated a “buy” rating and issued a $175.00 price target (up from $160.00) on shares of Amphenol in a research note on Monday, January 12th. Barclays upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $143.00 to $156.00 in a research note on Monday, January 12th. Truist Financial set a $182.00 target price on Amphenol in a research report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, January 21st. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.62.

Amphenol Price Performance

Shares of NYSE APH opened at $155.71 on Tuesday. The business has a fifty day moving average price of $139.92 and a two-hundred day moving average price of $126.23. The stock has a market capitalization of $190.60 billion, a PE ratio of 51.90, a P/E/G ratio of 0.92 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $157.54.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.